Smartworks Raises Rs.1.68 Bn Funding Led by Keppel for Expansion

04 Jul 2024 CW Team

Smartworks, a leading provider of flexible office spaces, has successfully raised ?168 crore in a funding round led by Keppel Corporation. This investment is aimed at accelerating Smartworks' expansion plans across India and enhancing its portfolio of smart and scalable workspace solutions.

The funding round, which also saw participation from existing investors, underscores confidence in Smartworks' business model and growth trajectory amidst the evolving workspace dynamics post-pandemic. Smartworks is known for its innovative approach to coworking spaces, offering tailored solutions that cater to the diverse needs of businesses and professionals.

The fresh capital infusion will be utilised to bolster Smartworks' presence in key markets, including Tier-II cities, and to enhance its technological capabilities. This includes integrating smart technologies and sustainable practices within its workspace offerings, aligning with global trends towards flexible and efficient work environments.

Smartworks' expansion comes at a time when the demand for flexible office spaces is on the rise, driven by a shift towards hybrid work models and increased focus on employee well-being and productivity. The company aims to leverage this funding to further strengthen its market position and meet the growing demand for flexible workspace solutions in India.

Overall, the funding led by Keppel Corporation represents a significant milestone for Smartworks as it continues to innovate and expand its footprint in India's dynamic commercial real estate sector.

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